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Ryan Ellis of Americans for Tax Reform on the need for bold tax-reform plans from the GOP presidential candidates.
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The Obama administration wants more taxes on the rich the GOP candidates largely avoided the idea all tax reform last night.
Why was that surely that is a winning -- yeah.
Ryan -- from Americans for Tax Reform is live with us now from DC.
I'm saying that tax reform could be a real winning issue both the President Obama and for the Republicans and by tax reform I mean.
Lower rates.
And fewer deductions simple as that.
Why didn't any Republican candidate last night take it up.
Well for one thing if you take a look at where these Republican candidates are there all in broad agreement on many of the principles of touch.
First with the exception of John Huntsman who's not a major candidate.
They've also on the taxpayer protection -- Or -- plan we've -- the taxpayer protection pledge which says that we're not -- child tax reform -- an excuse for tax increases.
That's extremely important first test -- always do no harm.
Yes I don't even though I'm -- -- in favor of it but I just don't understand why is leading Republicans that don't go out there and -- bit tax reform do it Reagan.
I -- -- plan.
I've gone on and -- it'll look and here it is that -- -- principles set several of the candidates do have fairly bold tax reform plans.
Some of them are still putting them together how we have to remember you just mentioned in the earlier segment this is the first day of fall.
It's a little bit early we're not really into the thick of the primary season yet.
A lot of these campaigns haven't -- gotten the policy details of their platforms down the level that you're looking to do -- But at the end of the day they're all gonna -- -- have lower corporate rates.
They're all gonna wanna say no more higher tax rates on small businesses they're all don't wanna do full business expensing the -- wanna fix the double taxation of international income problem.
And they're all gonna say no higher taxes on capital gains and dividends.
No matter who the Republican nominee is that's going to be the basics of any of their tax do you agree with me that tax reform and been very very simply -- it lower rates fewer deductions I mean that's it's as simple as that.
You have won't -- it -- dot com.
Only partially you have to first say you're not gonna use that exercise is an excuse to raise net taxes.
If you have lower rates and you know broader base note on obstinate you won't sell you -- wrong.
Don't get involved in jail on condensate we're not going to raise net new tax don't say that.
We go up and in fact quite as I -- you have to some examples of grow the economy what about that -- like that.
Because at that point you would have what is the Simpson -- version of tax reform.
Which was lower rates broader base.
But a record high level of tax revenues because it was a tax increase what we need to do is what was done in 1986.
Which was lower rates broader base but the whole thing was revenue neutral.
We can't use tax reform as an excuse to increase the tax burden on Americans think not I'm with you I'm with -- off calmed down and -- We expect -- I'm going over this thing are a number Ronald Reagan I'm old enough to remember now last long.
Do you agree when -- That President Obama would not do this He wouldn't dream of lowering tax rates but if He did he'd be reelected you great.
If you if you lower tax rates and He was willing to do so -- -- revenue neutral way.
He would be trying to waiting to the point where be very difficult for Republicans won reelection I agree with him.
Revenue neutral.
Gotta watch out for this Johnson I'm telling the -- you gonna watch out for you lose I don't know taxes no tax hikes think that's good that's good adults I thought my lips do not seem to -- subject that's paradigm shift paradoxical.
-- -- -- -- the -- -- -- the -- -- -- the corporate tax why don't we talk not the corporate tax going to do safety -- carbon tax in stock we're going to go through there I'll tell you why because corporations don't vote.
Well they showed.
But I don't I don't I don't -- enough and it got what.
The corporations don't pay taxes people to.
Romney didn't say this in the best way the other day but he's right.
What if you decrease corporate taxes what that's going to do is increase everyone's for one K and IRA portfolio as -- after tax value of their stocks and mutual funds go up.
And it's gonna be a price cut for everyone buys anything from a corporation.
OK yeah signify that among bored with -- what's right and it Ryan -- good stuff thanks for joining us -- -- good sport I'm sorry kind of when available -- you know.
Thank you --
